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Mar 23, 2013
03/13
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it will be great for the economy. we will hope that this is something that will be a start for all of us. neill i don't think the government cares. i think coming to new york and hearkening back the days of johnny carson. you know, i don't think it's fair or right, but i do think it is that retailers make up almost 60% of the volume in this country. >> okay. >> would you go to new jersey? would you leave the city? >> no. neil: do they know that? he is an institution. so he will complain. >> we are still investing regardless. we are painting and putting new fixturing. if you continue to do that, we will give you tax credits and hopefully something wi be happening. neil: how are things in new york right now? >> i think people realize when the government added a 2%tax -- an effect. plus you have the delay of the refund checks to the consumer. on top of that, you have washinon that is dysfunctional. >> is a lot of this discretionary income. if you're pinching that come your pinching yo customer. >> parents will always buy
it will be great for the economy. we will hope that this is something that will be a start for all of us. neill i don't think the government cares. i think coming to new york and hearkening back the days of johnny carson. you know, i don't think it's fair or right, but i do think it is that retailers make up almost 60% of the volume in this country. >> okay. >> would you go to new jersey? would you leave the city? >> no. neil: do they know that? he is an institution. so he...
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which is mind boggling it's higher than it was during the great depression debt strangles the economy and what's the latest part of those student loans look at the explosion in student loan debt it's just totally taken off and why well very simple in one nine hundred eighty four the reagan revolution a single wage earner with a high school diploma can raise a family and one hundred percent of that twelve year education that high school diploma was free now it takes sixteen years to get an entry level job four years of college and if mom's working and most moms are many moms are more than half than it takes eighteen or nineteen years of school to get that entry level job and yet still only twelve of those years are paid for free the rest of that is expensive. college pre-k. preschool daycare so what we see is the shifting of educational costs from government which is always paid for twelve years on to students and their families so by september two thousand and twelve the total student loan debt was nine hundred fifty six billion almost one trillion dollars this is a massive bubble and
which is mind boggling it's higher than it was during the great depression debt strangles the economy and what's the latest part of those student loans look at the explosion in student loan debt it's just totally taken off and why well very simple in one nine hundred eighty four the reagan revolution a single wage earner with a high school diploma can raise a family and one hundred percent of that twelve year education that high school diploma was free now it takes sixteen years to get an entry...
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in comparison the workers' share of the economy has shrunk their way this is c.e.o. pay here is blue line two hundred ninety eight percent this is from one thousand nine hundred ninety is reaganomics has really taken off until two thousand and five c.e.o. pay the green line here is the stock market so people who are invest in the stock market they're doing just fine this is the standard and poor's same thing basically the green line is corporate profits production workers pay however people who are actually making the stuff the goods and services that the c.e.o.'s are making the profit off of the people who are making it their play their pay has pretty much flatlined and the federal minimum wage which several do tens of millions of people in america are actually working at in one thousand nine hundred until now in two thousand and five is actually gone down almost ten percent. like the minimum wage right now if it was where it was in one thousand sixty eight was inflation just to be ten dollars and twenty cents more or less so wages have failed to keep up with income
in comparison the workers' share of the economy has shrunk their way this is c.e.o. pay here is blue line two hundred ninety eight percent this is from one thousand nine hundred ninety is reaganomics has really taken off until two thousand and five c.e.o. pay the green line here is the stock market so people who are invest in the stock market they're doing just fine this is the standard and poor's same thing basically the green line is corporate profits production workers pay however people who...
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Mar 18, 2013
03/13
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KICU
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so, it seems like there is a wave, but it just is a coincidental problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that money does come down to the states either through block grants or for transportation grants, and that money has to get squeezed out at the capital level, and it is going to be harder. the driver will be how long is the recession going to last, and how deep is it going to be? > if these cities you talked about and a couple of counties are basket cases, how are other cities that are having real stress problems dealing with it, because their big-budget item is what? employees. > > employees. right. so municipal government is a service enterprise, and when you have a service enterprise - police, fire, pave t
so, it seems like there is a wave, but it just is a coincidental problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that...
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Mar 23, 2013
03/13
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CSPAN
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they think government should make investment and ground the economy. host: bob from idaho on our line for democrats, good morning. caller: our garment has to change. -- our government has to change. earnmakrs is against our constitution. we have to go to a clean system with a thumb print that will protect people. we need to do something with a house and the states to control their own housing with better schools and better teachers, thank you. guest: the school issue has up a lot. how to regulate and fund schools? they are talking about block grants on medicaid which helps people. beings something still debated as to what role the fed vs. the state plays. host: has been talk in the news recently about closing schools in chicago and detroit. is there anything in the continuing resolution that would help keep the schools open? guest: the schools are dealing with different problems and i saw the sequestered, really affecting schools on military bases and in tribal lands and poor areas. they are having their own problems like chicago and detroit. it is com
they think government should make investment and ground the economy. host: bob from idaho on our line for democrats, good morning. caller: our garment has to change. -- our government has to change. earnmakrs is against our constitution. we have to go to a clean system with a thumb print that will protect people. we need to do something with a house and the states to control their own housing with better schools and better teachers, thank you. guest: the school issue has up a lot. how to...
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Mar 23, 2013
03/13
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FBC
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economies. where are those bold innovative companies. and i would make another footnote about the buybacks. yes, record numbers since 2009. but that is because the feds are buying back their own shares. they say let them pass the stress test. they really struggle and diluted earnings per share. diluted their capital base with a lot of shares during the crisis. they have basically flooded the market to recapitalize and buying it back. the. neil: in cyprus explodes and banks reopened, let's see what happens to the residents of cyprus. people say oh, we are there for you. perhaps is next. that they >>. melissa: i'm melissa francis and here who is made money today. investors that are staying optimistic about cyprus. it is scrambling to win a last minute bailout to avoid collapse right now as we speak. the bulls are betting a deal happens before the monday deadline. the euro is rallying against the u.s. dollar, and, if you owned apple, you made money. a top analt expects the next iphone to arrive this summer. shares rallied 2% closing above t
economies. where are those bold innovative companies. and i would make another footnote about the buybacks. yes, record numbers since 2009. but that is because the feds are buying back their own shares. they say let them pass the stress test. they really struggle and diluted earnings per share. diluted their capital base with a lot of shares during the crisis. they have basically flooded the market to recapitalize and buying it back. the. neil: in cyprus explodes and banks reopened, let's see...
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Mar 20, 2013
03/13
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FBC
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but i thinkure underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of theillionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used to that. it is like beating your head against the wall, when you stop, you still have a gaping wound but you feel better. i'm wondering whether we have a false assurance here? >> i don't feel like i have any kind of assure answer from anyone, both of the budgets not only house democratic budget but republican budget are asking for very contentiousesques one wants to us get rid of obamacare, that was a big struggle and the other wants to us get rid of the sequester cuts, which we've been haranging about for weeks now. neil: that just wastes time, every time they do that and add to more spending, we
but i thinkure underlying economy as long as we stay in the free market and let people go out earn money and change the world, we'll come out ahead, a third of theillionaires reside in u.s., there is a reason, we have that free market capitalism that animallistic spirit, that bridges our country ahead of the game not some government interference or program. neil: well, i hope you are right, monica, in the meantime the government is crowding out the capital, right? it is maybe we've gotten used...
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Mar 25, 2013
03/13
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FBC
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economy still rife with uncertainty. here to discuss guy dean of new york university school of business, peter henry. it is bittersweet. you take some of these countries, mexico, brazil, china, they were a mess. now, we have to learn from them. >> exactly. now, we find ourselves in a very similar situation. discipline does not mean fiscal austerity. you need to build trust. dennis: we can see that trust issue going on right now. they worry that what they did which was penalized the rest just invested the most and not penalize depositors, why don't we start with this one. i feel like in the u.s. we have to have austerity. >> fiscal austerity only works in environments of high inflation. we need to focus on the future. focus on austerity. dennis: the government is spending too much. this is not a good thing. >> you need to regain balance over time. right now, trying to get through immediately in the united states could really put a drag on growth here. with 7.7% unemployment, we need growth. dennis: it seems like all the f
economy still rife with uncertainty. here to discuss guy dean of new york university school of business, peter henry. it is bittersweet. you take some of these countries, mexico, brazil, china, they were a mess. now, we have to learn from them. >> exactly. now, we find ourselves in a very similar situation. discipline does not mean fiscal austerity. you need to build trust. dennis: we can see that trust issue going on right now. they worry that what they did which was penalized the rest...
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find out what's really happening to the global economy with mike's cause or there are no holds barred look at the global financial headlines tune in to the report. he used. to mean. a potentially deadly blizzard taking aim for the northeast it's expected to hit starting in a few hours from new york to maine we have team coverage of the storm. but what we're watching is the very heavy snow moving into boston proper earlier today it was very sticky you can see it start to become much more powder. the bottom line there's still a lot of snow out here a good place for snowball fight. heating it is been a pretty incredible day there and even record snowfall throughout what's been like nobody's like me driving lessons some emergency vehicles are exceptions. let me let me i want to wouldn't let me ask you a question from. here on this network is what we're having a debate we have our knives out. but if you give the cyclists back staying there again you're in a situation where be united way to talk about your name let me. know. where you low and other sort of live old man is still alive so i w
find out what's really happening to the global economy with mike's cause or there are no holds barred look at the global financial headlines tune in to the report. he used. to mean. a potentially deadly blizzard taking aim for the northeast it's expected to hit starting in a few hours from new york to maine we have team coverage of the storm. but what we're watching is the very heavy snow moving into boston proper earlier today it was very sticky you can see it start to become much more powder....
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Mar 20, 2013
03/13
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FBC
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their busine
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-ye lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two...
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find out what's really happening to the global economy with mike's cause or run no holds barred look at the global financial headlines tune into a report on our. mission free cretaceous and free transport charge is free. range humans free is free. to tide free. download free broadcast quality video for your media projects and free media. tom. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought. welcome to the big picture. well. science technology innovation all the mr bellamy from around russia we. covered. that all right. hello. hello there sir live old man still alive so i will go food yes there's with me mates. i thought what are you cooking. and this is for lunch. was a lot of chicken we. were worried it would have to give a cigarette to the new guys sure first thing in the morning you alive today we're. feeling better i'm going to work today we're not going to try not to ok why are you so swollen your face is puffed up my hands could be drop say
find out what's really happening to the global economy with mike's cause or run no holds barred look at the global financial headlines tune into a report on our. mission free cretaceous and free transport charge is free. range humans free is free. to tide free. download free broadcast quality video for your media projects and free media. tom. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it...
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Mar 20, 2013
03/13
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CSPAN2
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and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for middle-class families all across america. and i would urge my colleagues to support it. mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: i appreciate the opportunity to be with our colleague, senator stabenow, who serves on the budget committee. what i would like to do just briefly -- and i will he yield to senator roberts -- is that president obama on march 13 of this year said "and so you know my goal is not to chase a balanced budget for the sake of balance." my goal is not to chas
and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for...
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find out what's really happening to the global economy cause a report on. science technology innovation all the list of elements from around russia we've. covered. my. thanks. to say if i knew what we mr president you know the list of things to european union holds against you so i'm not going to repeat it. you know what you can if you like i don't mind i do know them very well that's certainly true. and so does everyone lack of political pluralism freedom of speech and so on and so forth and it's a long list but what i would like to ask you is why do you think your persona non grata there was live here and you don't. you know i visited venezuela recently and i had some time to think i did some reading on allies things and i thought of it as if i were defeating with the americans and the west in general so i say all right because she is persona non grata for you you need to know him mentary you also deny entry to both my eldest sons and even my youngest who is just a little boy what wrong could he have done this he have anything to do with the alleged wreak
find out what's really happening to the global economy cause a report on. science technology innovation all the list of elements from around russia we've. covered. my. thanks. to say if i knew what we mr president you know the list of things to european union holds against you so i'm not going to repeat it. you know what you can if you like i don't mind i do know them very well that's certainly true. and so does everyone lack of political pluralism freedom of speech and so on and so forth and...
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Mar 20, 2013
03/13
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CNBC
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i am cautiously optimistic about the economy. it seems as if, despite the unemployment, despite the debt, that consumers are spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. having said that, i think one has to be incredibly concerned about the fragile nature of western europe, what's happening in cyprus, and other geopolitical issues that ultimately affect the united states. >> what about the minimum wage in this country, howard? is $7.25 enough. lots of pushes to take that up to $9, as president obama has talked about. the average starbucks barista, according to glassdoor website, makes $8.78 an hour. >> well, that's a little misleading, but i'll come back to that. you know, i think the minimum wage issue is a double-edged sword. and what i would not want to see is the minimum wage go up and as a result of that, employers starting to hire less people or cutting people's hours. and you have to be very careful of the unintended consequences. on balance, i am a sup
i am cautiously optimistic about the economy. it seems as if, despite the unemployment, despite the debt, that consumers are spending, and we are enjoying the same level of success that we've enjoyed the last 12 months in the u.s. business. having said that, i think one has to be incredibly concerned about the fragile nature of western europe, what's happening in cyprus, and other geopolitical issues that ultimately affect the united states. >> what about the minimum wage in this country,...
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Mar 25, 2013
03/13
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CSPAN
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eye 86
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and we can provide the economy with the infrastructure that it needs. investment largest in railways cents victorian times and spending more onerous than in a generation. and the treasury is now writing guarantees for major projects from the old power station site to build a new power station of tomorrow. we switched billions of pounds from current capital spending, to mitigate the sharp decline set in by the last government. stillpital spending is due to fall back in 2015-2016 and i don't think that this is sensible, and by using the extra savings, we will list the infrastructure by 3 billion --nds per year, with filth 15 billion of extra capital spending over the next decade, to invest in the economic arteries of this country to get growth slowing to every part of this. deputy speaker, public investment will now be higher on average as a percentage of the national income under our plan that was in the last labor government. out long- will set term spending plans for the long-term capital budget, and the man who delivered the olympics -- will improve t
and we can provide the economy with the infrastructure that it needs. investment largest in railways cents victorian times and spending more onerous than in a generation. and the treasury is now writing guarantees for major projects from the old power station site to build a new power station of tomorrow. we switched billions of pounds from current capital spending, to mitigate the sharp decline set in by the last government. stillpital spending is due to fall back in 2015-2016 and i don't...
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Mar 19, 2013
03/13
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KCSM
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. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations. it will be at capacity for four years. >> of bills meanwhile pride that we epitomize european success. we are working together to create jobs. >> the deal means more than money and well paying jobs. ryanair is a new customer for airbus. they have previously purchased all their planes from their arrival, boeing. >> the western-backed opposition is meeting in istanbul to p ick the new prime minister. the first tasks is creating a cabinet. >> the conflict is expected to escalate further with britain and france say they plan on our main local groups. especially when it c
. >> some positive news for the european economy today. airbus has just signed the biggest civil aviation deal in history. it is with ryanair. >> it will provide a much-needed boost to the economy promising to secure 5000 jobs in france alone over the coming decade. >> the signatures are worth a lot of money. airbus will likely discount package of 234 plans, they have a list price of 18 billion euro. assembly will take part in france with parts from several european locations....
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Mar 22, 2013
03/13
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MSNBCW
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with an unstable region, a sluggish global economy that is still recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in shouldering this enormous responsibility and more help in fatesing this humanitarian calamity. we had the opportunity to talk about the peace process and we're very delighted by the vision and the depth of wisdom that the president showed over the past several days in his trip with the israelis and the palestinians. obviously i reiterate jordan's commitment to the peace process. and the crucial importance of u.s. leadership in resuming the palestinian/israeli negotiations based on the two-state solution. there is simply no other formula, no other alternative. the two-state solution is the only way to go. and if you compare that also with the radicalization of syria, together with the impasse in the peace process, this is going to be a serious threat to an already-volatile region. i believe there is a window of opportunity to make serious push for resuming negotiations. on the final status issues
with an unstable region, a sluggish global economy that is still recovering. but having said that as i already alluded to, we are so grateful to the u.s. assistance in shouldering this enormous responsibility and more help in fatesing this humanitarian calamity. we had the opportunity to talk about the peace process and we're very delighted by the vision and the depth of wisdom that the president showed over the past several days in his trip with the israelis and the palestinians. obviously i...
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Mar 20, 2013
03/13
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CSPAN2
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first, whether the chinese economy will continue to grow sustainably. and secondly, whether a stronger china will become more assertive, and even -- [inaudible] [speaking chinese] [speaking chinese] >> translator: i think these two concerns are really necessary. china is capable of achieving sustainable and a healthy economic development, in pursuing social progress. and that are more than 1.3 billion people in this country so we are on a long journey towards modernization. for that we would require an international environment of lasting peace. even if china becomes stronger, we will not seek edge me. because we have learned from our own experience in the modern period that one should not impose on others what he himself does not desire. this is an article of faith for us. [speaking chinese] [speaking chinese] [speaking chinese] >> translator: let me underscore here that china has an unwavering commitment to peaceful development. we also have an unshakable determination to safeguard our country's sovereignty and territorial integrity. these two are not
first, whether the chinese economy will continue to grow sustainably. and secondly, whether a stronger china will become more assertive, and even -- [inaudible] [speaking chinese] [speaking chinese] >> translator: i think these two concerns are really necessary. china is capable of achieving sustainable and a healthy economic development, in pursuing social progress. and that are more than 1.3 billion people in this country so we are on a long journey towards modernization. for that we...
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but i actually know what going to get is the growth of the cash economy amongst. small shopkeepers and so on but the really big thing is the large corporations who have deposits the very large deposits often turned over on or on a week to or even daily basis but still maintain large deposits of banks for source of cash payments including payroll payments what are they going to where they can put their money because they're going to get here. that doesn't apply just to cyprus that applies all across the board if i was a saver. in any of these countries we worried because i wouldn't know i would be certain what happens and to be honest the reassurances that this is unique will has been lots of unique events happened in this course of this crisis and you know what the end of the of the do we need to become rooting matthew that's a very interesting routine it's been done the president has been made sure absolutely i think but but there's no question that the cypriot banking system right just because of its liabilities structure is unique in that sense whether it's uni
but i actually know what going to get is the growth of the cash economy amongst. small shopkeepers and so on but the really big thing is the large corporations who have deposits the very large deposits often turned over on or on a week to or even daily basis but still maintain large deposits of banks for source of cash payments including payroll payments what are they going to where they can put their money because they're going to get here. that doesn't apply just to cyprus that applies all...
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well everyone wants a piece of what valorise has to offer in terms of the economy they didn't like me taking a stand and so they started calling me all sorts of things next we don't privatized everything and some are unhappy about that we are a welfare state with a strong social policy the social and economic policies i pursue you are very different from what the west would want us to have next we do have a rigorous political system when power is divided between entities like the parliament and the government the president ends up with no power and it's easy then to what happens in the state you can state fights and conflicts this backlash on the people behind all this you can lay your hands on some valuable assets through privatizing before anyone knows so they don't like it that they can't do it for freedom of speech is another such things but that can't be serious how is it even possible not to have them with all the modern media around us and there is also the internet our analysts have calculated fifty one percent of our active population are active internet users how can i possi
well everyone wants a piece of what valorise has to offer in terms of the economy they didn't like me taking a stand and so they started calling me all sorts of things next we don't privatized everything and some are unhappy about that we are a welfare state with a strong social policy the social and economic policies i pursue you are very different from what the west would want us to have next we do have a rigorous political system when power is divided between entities like the parliament and...
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Mar 26, 2013
03/13
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FBC
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good sign for the economy. some investors are betting that copper will outpace future gains for gold and silver. at least copper is used for something unlike gold unless you've got teeth, fake teeth. connell: i don't see that in the tell -- teleprompter but it's probably there. >> i'm going to go here. take a look at dupont. dow down 1%. big deal here is we'll look at dupont and mansanto. they've now settled an anti-trust and patent lawsuits and set a new deal. what they did is the deal that they made dismisses the $1 billion that was against dupont. look at mansanto here, up 3.2%. they're top seed rivals and they will drop lawsuits against each other in federal court. under the agreement now, dupont will make a series of royalty payments for these generic materials, including $802 million from 2014 to 2017 for some technology. they settled it among themselves and there you have it. big news in the seed world. back to you. connell: the seed world. all right. dagen: seed canisters like glen beck used to sell on
good sign for the economy. some investors are betting that copper will outpace future gains for gold and silver. at least copper is used for something unlike gold unless you've got teeth, fake teeth. connell: i don't see that in the tell -- teleprompter but it's probably there. >> i'm going to go here. take a look at dupont. dow down 1%. big deal here is we'll look at dupont and mansanto. they've now settled an anti-trust and patent lawsuits and set a new deal. what they did is the deal...
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Mar 26, 2013
03/13
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FOXNEWSW
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even the strongest european economies are in a slump. germany, the united kingdom and france all shrinking in the last quarter. the entire eurozone is losing a huge numbers of jobs. a record 19 million people now unemployed. >>> back in our country lawmakers battling how to deal with the debt crisis on the hill. this year alone the federal government will run a budget deficit of $845 billion. are there any programs that could be cut to save money? doug mckelway live on the story, live in washington kicking off on what to cut, our new series here. good morning to you. >> reporter: good morning, bill. almost every president in the last 30 years tried to shrink or make the government more efficient. >> government is not the solution to our problems, government is the problem. >> the era of big government is over. >> reporter: but, the government has just gotten larger. adjusted for inflation government spend has gone up from average of 882 billion spent every year in the 1980s, to 1.48 trillion in the 1990s to 2.44 trillion a year in the fi
even the strongest european economies are in a slump. germany, the united kingdom and france all shrinking in the last quarter. the entire eurozone is losing a huge numbers of jobs. a record 19 million people now unemployed. >>> back in our country lawmakers battling how to deal with the debt crisis on the hill. this year alone the federal government will run a budget deficit of $845 billion. are there any programs that could be cut to save money? doug mckelway live on the story, live...
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Mar 23, 2013
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he also said that europe's banks are ready to support a cyprus in rebuilding its economy and that europe will do everything that it can to help protect the most vulnerable, but he also says we have unfortunately reached a situation where there are no longer any optimal solutions, so all that is left, he said, are hard choices. whatever happens, even if cyprus days in the eurozone, it will be a tough time for the cyprus people because cyprus and especially the government -- the way the government has been handling this crisis has been criticized by everybody. >> the time table right now is being driven by the deadline by the european central bank. walk us through the next several days. what is on the timetable? case will the cypriot go to the top level of brussels. the president of the european commission and european council have counseled important meetings that were scheduled for next week because they say their presence is required to discuss the case. that already is quite an important signal that everybody is taking the case very seriously, that europe wants to keep cyprus and the e
he also said that europe's banks are ready to support a cyprus in rebuilding its economy and that europe will do everything that it can to help protect the most vulnerable, but he also says we have unfortunately reached a situation where there are no longer any optimal solutions, so all that is left, he said, are hard choices. whatever happens, even if cyprus days in the eurozone, it will be a tough time for the cyprus people because cyprus and especially the government -- the way the...
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser report.
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser report.
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Mar 26, 2013
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economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion euros, designed to help emerging economies having payment difficulties, and the development bank with a budget of nearly 40 billion euros, designed to improve
economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct...
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find out what's really happening to the global economy with max comes or no holds barred look at the global financial headlines kaiser reports. download the official publication yourself choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter now with your mobile device you can watch your t.v. any time. anyway. technology innovation all the developments around russia we. covered. we. welcome back to cross talk are all things considered i'm peter lavelle to remind you we're discussing the cyprus bailout program. ok we're now joined by matthew bose learn new york he is a market reporter for business insider thank you for being with us if i go to new york should the europeans trust banks now after what's happening in cyprus credibility issue well i think that's a big question right i mean we're you know we're sort of looking for any signs of deposit outflows that sort of thing in other per for countries like spain and italy i don't think we've really seen anything like that yet and i'm not sure that you know given the special
find out what's really happening to the global economy with max comes or no holds barred look at the global financial headlines kaiser reports. download the official publication yourself choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter now with your mobile device you can watch your t.v. any time. anyway. technology innovation all the developments around russia we. covered. we. welcome back to cross talk are all things...
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Mar 22, 2013
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a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we spent $20 billion a year on snap. last year we spent $80 billion. it's gone from $20 billion to $80 billion, four times. and so we identified a categorical eligibility gimmick that was allowing people to get food stamps who did not qualify and should not have received them. and i said, let's close that loophole. and over ten years we were projected to spend $00 billion-d $800 billion on the food stamp program. this would have reduced it by $11 billion. so we would have been spending $789 billion instead of $800 billion. you know what they said
a tax on the economy is a tax on the economy. it's a weak argument that you can just have an unlimited amount of money by taxing the rich. and at some point it becomes un-- not correct, not fair, not right. if the money is being thrown away on solyndras, and battery companies that go bankrupt, but nobody worries about it, send more money. we're having abuses in the snap program, and i proposed an amendment that would eliminate an abusive part of the food stamp program a year ago. in 2001 we...
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economy i still peoples money that have global do a. good thing.
economy i still peoples money that have global do a. good thing.
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Mar 26, 2013
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economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the world bank. >> with this summit, the brits are hoping to kickstart development that will bring financial independence. the quintet say they are keen to form a counterbalance to the established powers of the world bank and international monetary fund. the group is considering a joint reserve pool worth 93 billion euros, designed to help emerging economies having payment difficulties, and the development bank with a budget of nearly 40 billion euros, designed to improve
economy. the euro/dollar is currently on the rise. >> as the economic crisis in cyprus deepens, china and russia have announced the creation of an alternative banking system that will provide a counterbalance to the imf and world bank. the leaders of those countries along with those from brazil, india, and south africa are meeting for a summit to hammer out a joint strategy to harvest -- contest their growing economic power. it is likely to focus on infrastructure financing, a direct...
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Mar 26, 2013
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east german government was desperate to earn hard currency to keep its command economy afloat. an attorney who represents claimants' of lost works of art knows his adversaries often prove less than cooperative. he has to fight tooth and nail for every picture and every piece of porcelain. >> the problem with the collectors dispossessed after 1949 is that entire livelihood's were wiped out. many victims were incarcerated for years and left ith nothing. for many, these works of art were their lives. people literally went over dead bodies to get their hands on these things. >> the collection has 18 months of breathing space. although in the museum world, that translates into a last- minute matter. if no agreement is reached, the duchess might set up her own museum. >> we have a few potential ideas for the future, but that would not mean me leaving forever. my family and i feel at home here. plus, i've done some new investing, so i will never say it is over for me and never coming back. >> if it turns out that museums will have nothing left to exhibit, the city will definitely be t
east german government was desperate to earn hard currency to keep its command economy afloat. an attorney who represents claimants' of lost works of art knows his adversaries often prove less than cooperative. he has to fight tooth and nail for every picture and every piece of porcelain. >> the problem with the collectors dispossessed after 1949 is that entire livelihood's were wiped out. many victims were incarcerated for years and left ith nothing. for many, these works of art were...
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that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are. going to happen is going to be having a. bad bank so first of all. the one hundred thousand euros will be protected and a move to transfer to the bank of cyprus that is the largest lender of the country right. above one hundred thousand euros taking a last load will be quite a substantial last obo you have to root for that actual percentage. right now. because of the orders a class. has. a share of the spline now remember only an effort to get ten billion euro bailout from of the e.u. so in fact we are going to be getting it to avoid bankruptcy. really are fed up for the past a week now. on sunday but the
that the island will avoid a default the euro group has signed off on the rescue plan for the ailing economy and let's now get the details from these tests are c.b.s. tests are very nice to see you so it looks like the laws each deal has finally been struck or does it apply. we're. really going to last minute. trying to meet a twenty fifth of march deadline to start. cutting our liquidity right now and leave us details we have. will be a restructuring of the country's largest bank you are....
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Mar 26, 2013
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the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus has done is r
the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and...
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Mar 25, 2013
03/13
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LINKTV
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the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and see. >> as you indicated, this is not just cyprus. it is much broader. they are concerned to save -- to say the least. what guarantees do they have at their money is safe in the eurozone? >> if you are a small savor in the bank, bureaucrats here will tell you that cyprus was one off. yes, we came close to breaking bank accounts, but it did not quite happen, so rest calm. people responding to that is that so far, every time there has been a a lot or crisis, it has been a one off. greece was a one off and it could not happen again in that form. spain, portugal, italy. what's a cyprus has done is r
the economy is on the edge. how is this a win? >> it is a win in a technical stents -- a sense. they would not fund -- because of that overnight agreement, that bankruptcy has been averted. on the ground, in reality, there are people there who are desperate to get money out. there are concerns in brussels about future bailouts. it is only a win in that very narrow definition of not having suffered the first bankruptcy of a national bank in the european union. but beyond that, we wait and...
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his first overseas trip as the country's leader with energy deals between two of the world's largest economies the focal point of discussions. i. panic and frustration in cyprus the citizens struggle to hold on to their cash and politicians race against time to avoid a default. in syria's main rebel groups and some opposition activists claiming the block is being guided by radicals. and i welcome you watching our tape with me andrew. the chinese wind in russia's economic cycle that is what russian president vladimir putin says he's aiming to do during l'amour landmark talks with his chinese counterpart in moscow xi jinping selected russia for his first trip abroad since the shaming power early this month by saving multi-billion dollar deals the two were also hoping to bolster their common clout in the world's arena as a nation now it expects. pushing two powers together a common goal to shift global balance is forging a tie which means russia and china could soon be unbreakable for a new chinese leader his first stop moscow to something surely washington must notice but is brushing off no they
his first overseas trip as the country's leader with energy deals between two of the world's largest economies the focal point of discussions. i. panic and frustration in cyprus the citizens struggle to hold on to their cash and politicians race against time to avoid a default. in syria's main rebel groups and some opposition activists claiming the block is being guided by radicals. and i welcome you watching our tape with me andrew. the chinese wind in russia's economic cycle that is what...
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regulations analysts are saying that the bailout loan itself would not completely rescue the cypriot economy because it's much more money will be needed to rescue this situation and you can see it will have to find the money elsewhere and certainly this remains a big question where it could find the money apart from that certainly there's certain political wrangling happening between brussels and you could see it with the head of the cypriot parliament saying that they will vote on the alternative plan without considering the limitations and regulations over the european union and at the same time and villa merkel stressed that i quote cyprus must behave accordingly with the european union regulations and must not test the boundaries of the troika patience and of quote so definitely this is a rollercoaster ride and as it stands cyprus may be plunging into a default unless any kind of common language and compromise is found anytime soon i like see the future of cyprus is hanging in the air that so let's hear a chef here reporting live from moscow. economist harry being a member of the free vo
regulations analysts are saying that the bailout loan itself would not completely rescue the cypriot economy because it's much more money will be needed to rescue this situation and you can see it will have to find the money elsewhere and certainly this remains a big question where it could find the money apart from that certainly there's certain political wrangling happening between brussels and you could see it with the head of the cypriot parliament saying that they will vote on the...
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why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators their departure resembles abandonment and escape despite the optimistic speeches. cease. april twenty twelve and i'm back in iraq in soho on the border with turkey. i have an appointment this morning with a lebanese taxi.
why don't what's really happening to the global economy with. for a no holds barred look at the global financial headlines tune into kinds a report on r t. on the road to bass for this morning the u.s. army is beginning to withdraw from iraq. in december twentieth after nine years of occupation the last american troops are finally leaving the country. every guy got in about it and i do have a little bit of the iraqis anger towards the departing invaders who once dreamed of being liberators...